International Uranium Corp.

by JDH on November 25, 2006

Recommendation: Hold

Here’s another one that I missed.

The red line shows the high back in February, and then a period of consolidation until that level was breached again back in late October. That’s when you buy.

If you had bought around $7 at the beginning of the month, you would now be very happy that it closed at $9.08 on Friday.

Obviously the biggest part of the move has already happened, but if I owned it I’d be holding International Uranium Corp. until I have a reason to sell (ie. when the uptrend line is broken). The MACD is now very high, which is why I’m postponing any new buying at this time.

(For those of you who are following along, this chart and commentary looks a lot like FRG).


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